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Iran Tensions? No Problem! NZDJPY Surges Above Key EMAs with Bullish Momentum

 

 

 

NZDJPY recovered after a gap-down opening after escalation of tension between US and Iran. It hits an intraday low of 92.91 and is currently trading around 93.46. Intraday trend is bullish as long as support at 91.80 holds

 

Technicals

CMP -93.47

Trend

1- Hour chart

Value

 

 

55 EMA

93.39

CMP >value

Bullish

200- EMA

93.07

CMP > value

Bullish

365- EMA

92.96

CMP >value

Bullish

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

46.52

ADX

Neutral

 Strength improved from 30.55 to 32.32

 

It is good to buy on dips around 93 with SL around 91.90 for a TP of 95

 

 

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